Veea Brings Climate-Smart Farming Connectivity Solution to Indiana with Mainstream Fiber

Innovative IoT Systems enables precision agriculture by improving efficiency, sustainability, and yields for Hoosier farmers

Veea Inc. (NASDAQ: VEEA), a first-to-market pioneer in hyperconverged multiaccess platform products for edge-cloud computing and communications, has partnered with Mainstream Fiber Networks, Microclimates Inc., and AmeriCrew LLC to deploy Climate Smart Agriculture solutions at Cyr Farm in Fowler, Indiana. The installation of the Veea's Edge Platform's connectivity technology is aimed at improving resource management, sustainability, and productivity in farming operations.

"We're excited to collaborate with industry leading partners on this groundbreaking project," said Norb Cyr at Cyr Farm. "The expected improvements in energy efficiency, water conservation, and yield maximization will allow us to push the boundaries of sustainable farming. We're looking forward to seeing how these technologies will transform our operations."

Veea's high-speed Wi-Fi connectivity and long-range wide-area network (LoRaWAN) will enable Cyr Farm to remotely monitor and control all aspects of farm management across the outdoor compound, including hyperlocal weather information, soil composition, grain elevators and bins humidity and storage levels. Leveraging precision agriculture practices that use real-time data from soil sensors, irrigation systems, and weather monitoring tools, can yield significant benefits compared to conventional farming and irrigation practices, including:

• 20%-plus improvement in crop yields
• up to 30% reduction in energy consumption
• up to 40% reduction in water usage, with mitigated flooding risk
• 20-40% cost savings in labor-related expenses

Mainstream Fiber will provide the high-speed, reliable fiber broadband network necessary to implement and access Veea's infrastructure. Their connectivity solution ensures that Cyr Farm will have the capacity to run real-time monitoring and control systems, regardless of weather conditions or other external factors.

"Pairing other technology companies, like Veea and Microclimates, with Mainstream Fiber's best-in-class broadband infrastructure will help agricultural businesses in Indiana promote the state's rural economic growth," said Bryan Gabriel, CEO of Mainstream Fiber Networks. "These partnerships will continue to make strides for residents and businesses, connecting a vast array of products and services that help build a better future for Hoosiers."

Microclimates' dashboard solution is designed to provide a universal control system that can automate the different climate control, lighting, and irrigation systems, thus reducing costs, maximizing efficiency and increasing crop value — all of which are essential for staying competitive. The Veea Edge platform seamlessly supports Microclimates environmental automation solution. Leveraging the enterprise-level computing and connectivity capabilities of VeeaHubs, this combination provides a comprehensive and reliable solution for indoor farming automation.

"We're proud to support the growth of smart agriculture in Indiana by deploying advanced connectivity solutions," said Neda Vaseghi, CEO and co-founder of Microclimates. "Our commitment is to empower farmers with the tools they need to thrive in a rapidly evolving agricultural landscape."

Veea has designed its precision agriculture solution with the farmer in mind, ensuring that each component is advanced, accessible, and user-friendly. From intuitive control dashboards to seamless integration with various farming sensors and devices, every aspect of the Veea solution is crafted to enhance the farming experience.

"We are committed to improving lives in rural communities by enhancing farming techniques through new, smart technology solutions," said Allen Salmasi, Veea's CEO and founder. "This project demonstrates how our edge computing products can drive greater efficiency and sustainability in agricultural yields, while also mitigating risks. It is an exciting step toward the future of farming."

AmeriCrew, the installation partner for this deployment, specializes in building and upgrading the nation's critical infrastructure — fiber, wireless and clean energy, specifically. As a leading employer of veterans, it seeks to build out US infrastructure, while building up those who have served it.

See Veea's website for more information on how this partnership is shaping the future of smart farming, and to learn how you can integrate these agricultural innovations into your own operations.

About Veea

Veea Inc. (NASDAQ:VEEA) based in New York, New York is a provider of edge computing and communications devices (our "VeeaHub®" devices), applications and services hosted on its edge Platform-as-a-Service ("ePaaS"). Veea Edge Platform™ is an end-to-end platform that is both locally- and cloud-managed. VeeaHub→ products are converged computing and communications (i.e., hyperconverged) indoor and outdoor devices, about the size of a Wi-Fi Access Point , that provide for networking and computing solutions for AI-assisted applications and solutions at the edge where people, places, and things connect to the network. Veea was recognized in 2023 by Gartner as a Leading Smart Edge Platform for the innovativeness and capabilities of our Veea Edge Platform™ and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World's in its research report published in October 2023 as one of the top 10 Edge AI solution providers alongside IBM, Microsoft, and Amazon Web Services among others. For more information visit: www.veea.com.

About Mainstream Fiber Networks

Founded in Nashville, Indiana, Mainstream Fiber Networks is a Fiber to the Premise (FTTP) Internet service provider that understands the need for affordable, high-speed Internet in Indiana's rural communities. Mainstream's success is based on customer satisfaction and partnerships with the local communities we serve. To learn more, visit www.msfiber.net.

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Examples of forward-looking statements in this press release include, but are not limited to, statements regarding the Company's upcoming technology deployments with its partners and anticipated commencement dates. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Veea and its partners' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. If any of these risks materialize or the parties' assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. There may be additional risks that neither Veea nor its partners presently know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Veea and its partners assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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